September 25, 2016 7:16 PM ET

Energy Equipment and Services

Company Overview of AKOFS Offshore AS

Company Overview

AKOFS Offshore AS provides vessel-based subsea well construction and intervention services to the oil and gas industry. It offers subsea intervention services, including installation, testing, and maintenance of subsea and top section downhole equipment; and deep water capabilities. The company also provides well intervention services, such as riser less well intervention and riser based light well intervention; and drilling services, including top hole drilling, through tubing rotary drilling, and conventional drilling services. In addition, it offers plug and abandonment, top-hole drilling, light/horizontal drilling, drilling/MODU, and engineering support services. The company serves custo...

Karenslyst Allé 57

Oslo,  0277

Norway

Founded in 2006

Phone:

47 23 08 44 00

Fax:

47 23 08 44 10

Key Executives for AKOFS Offshore AS

Chief Executive Officer and President
Age: 53
Chief Financial Officer
Age: 48
Senior Vice President of Operations
Age: 60
Regional President of North America
Age: 52
Vice President of Project & Technology
Compensation as of Fiscal Year 2016.

AKOFS Offshore AS Key Developments

AKOFS Offshore Reports Unaudited Earnings Results for the Second Quarter and First Half of 2016

AKOFS Offshore reported unaudited earnings results for the second quarter and first half of 2016. For the quarter, the company reported operating revenues and other income of NOK 142 million compared to NOK 186 million a year ago. EBITDA was NOK 32 million compared to NOK 31 million a year ago. LBIT was NOK 45 million compared to NOK 56 million a year ago. For the first half, the company reported operating revenues and other income of NOK 301 million compared to NOK 354 million a year ago. EBITDA was NOK 70 million compared to NOK 7 million a year ago. LBIT was NOK 86 million compared to NOK 165 million a year ago.

AKOFS Offshore Reports Earnings Results for the Fourth Quarter and Full Year of 2015

AKOFS Offshore reported earnings results for the fourth quarter and full year of 2015. For the quarter, the company reported operating revenue and other income of NOK 198 million against NOK 256 million a year ago. EBITDA was NOK 45 million against NOK 51 million a year ago. LBIT was NOK 41 million against NOK 21 million a year ago. CAPEX and R&D capitalization was NOK 17 million against NOK 3 million a year ago. For the year, the company reported operating revenue and other income of NOK 781 million against NOK 1,542 million a year ago. EBITDA was NOK 104 million against NOK 175 million a year ago. LBIT was NOK 1,288 million against NOK 1,117 million a year ago. CAPEX and R&D capitalization was NOK 1,057 million against NOK 5 million a year ago.

AKOFS Offshore Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

AKOFS Offshore reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported EBITDA of NOK 51 million against NOK 564 million a year ago. LBIT was NOK 1,082 million against EBIT of NOK 500 million a year ago. CAPEX and R&D capitalization was NOK 13 million against CAPEX and R&D capitalization negative of NOK 8 million a year ago. Revenues were NOK 229 million against NOK 279 million a year earlier. For the nine months, the company reported EBITDA of NOK 58 million against NOK 125 million a year ago. LBIT was NOK 1,248 million against NOK 1,096 million a year ago. CAPEX and R&D capitalization was NOK 1,040 million against NOK 1 million a year ago. Revenues were NOK 583 million against NOK 1,287 million a year earlier.

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Recent Private Companies Transactions

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